Unless of course, the CIA does not represents the American people. The CIA and FBI are two institution with minimal supervision and oversight from the voters' representatives. They can ignore subpoena, refused to hand over documents, delay in handing over evidence requested, even lied to congress. How many were prosecuted and sentenced? Almost zero.
Is there good guides for noob-techie to utilize old andriod phones and turn them into a full node? I manage to follow simple guide to run umbrel on Rpi. Is this much harder? I would like to learn.
A mnemonic phrase is way more reliable way for them to retrieve whatever you left for them, even if they know nothing of bitcoin. All those weird schemes, will be way harder being non standard.
I don't see how that can secure your inheritance planning. Looks more like a privacy destroying feature.
What would be the purpose?
There's nothing really useful to communicate over Ethereum..lol
Yes, no one can control Bitcoin but I have full custody and control over my bitcoin.
It's about the relevance in communication. There's no reason to describe the Ringgit as anything other than the currency. There are significant relevance when we are describing the Bitcoin Network/Protocol as compare to price of bitcoin when I wanna buy or how many bitcoin should I pay for an espresso machine.
Alas, for MYR or myr make no difference to anyone's understanding. It always refers to the currency itself. No one need to talk about or describe MYR as a network or protocol.
This is a very sound and coherent description of Bitcoin and bitcoin. We cannot only do things based on what Satoshi said, he is only a single man and already thought through 90% of the excellence of Bitcoin, already a genius. The further 10% will need to be figured out by future generations where we are the part of.
You meant: Assuming your bitcoin is in Muun Wallet.
1. Your email login & password given to beneficiary privately and personally.
(login details not specified in the will)
2. In your will, it is stated that all the bitcoin in a particular Muun Wallet tied to a particular email address' ownership is transfer to the specific beneficiary upon one's death.
You say can put wallet name and email into a will. If you died how does your beneficiary access the bitcoin?
Also, there are more secure way to do will and inheritance planning.
Curiously though, how do one put email login into a will?
Lol... many bitcoiner don't trust Trust Wallet.
I understands it too but if we advise newbie to it.. after some years passed, and they lost their phone or Muun close shop or whatever and no one remembers how to recover.
I agree on the lightning part. Currently the only low fee ways are the custodial option. Self-custody is still risky. Technology will improve over-time. Locally in Malaysia and basically in most part of the world, there are very few merchants that accepts bitcoin regardless of on-chain or LN and the reason IS NOT because of the fees. With further adoption over the next 3-5 years, I foresee Self-custodial LN to be much more easy and less risky. As of now, with so few things to spend on, it is literally a proof-of-concept spending wallet. I just kept a hundred or so ringgit there. I don't mind even if it is a custodial wallet or more reckless self-custodial options.
I have no opinion on Liquid at the moment. But I definitely would not want any wallet that can transfer my bitcoin private keys out for whatever reasons.
Yes, I hate Muun, primarily because they are not using industry standards for their seed phase. Standard Backup protocols of BIP39 is still the best. And their pseudo-lightning protocols are not transparent. Their fees fluctuates as well and many have encounter sudden spike in fees like those force close or open channels, except they don't show you the reasons for it and you don't know what's happening at the backend.
Most bitcoiners will not use a wallet that have the capability to send out the private key, even if it is option and need them to click "enable".